Ryanair shares fall after first ever pilot strike

Ryanair shares were trading lower Friday, after it endured its first ever pilot strike when its German pilots staged a four-hour walk out earlier. Ryanair said there was little disruption from the action.

Ryanair shares fall after first ever pilot strike

Ryanair shares were trading lower Friday, after it endured its first ever pilot strike when its German pilots staged a four-hour walk out earlier. Ryanair said there was little disruption from the action.

At 1300 BST, Ryanair shares were 0.66% lower at €15.05.

Union recognition talks “unsatisfactory”

The German pilot’s union, Vereinigung Cockpit (VC) said its members went ahead with the planned strike after negotiations between it and Ryanair ended without any results.

"Ryanair's public offer to conduct negotiations with VC can only be classified as a further publicity stunt", said Ingolf Schumacher, head of VCs’ Industrial Department.

"In the history of the VC, there has never been a case in which the collective bargaining autonomy has been trampled on by an employer as it is now the case with Ryanair,” Schumacher said.

“This makes it clear to VC that the company is not interested in a mutually constructive cooperation, based on trust and equality. Rather, Ryanair is trying to win time and attempting to delay the beginning of collective bargaining,” Schumacher said in his statement.

The strike took place from 5.01 – 8.59 local German time on Friday morning.

Strike action from other pilot unions has so far been averted. Irish pilot union IMPACT said yesterday that the strike threat had receded for the time being.

Ryanair “regrets” strike action

Ryanair, meanwhile, issued its own statement on the German pilot’s strike action.

Ryanair explained that it told the VC union while it was happy to enter into negotiations with Ryanair pilots, it would extend hold discussions with non-Ryanair pilots, or non-Ryanair pilots who were in litigation with Ryanair.

“Ryanair apologises sincerely to any German customers worried or affected by this threatened 4-hour strike tomorrow morning. We hope that our German pilots will put the needs of our customers first during Christmas week,” said Ryanair’s head of communications, Robin Kiely.

“We advise all customers in Germany to turn up as normal tomorrow, as we plan to operate all scheduled flights, and we will be doing our upmost to minimise any disruptions to the Christmas travel plans of our German customers,” Kiely added.

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